him
@gajria
Following the crowd, from the front.
Joined October 2018
2.5K Following 137.2K Followers
Reminds me of my time in Indian equities, where the first principle I operate on is the complete opposite to the one I use with western equities, crypto or venture.
I can sum it up by saying: “The best businesses tend to be boring”
For example, my two best investments (>100x) in Indian equities over the last decade have been:
- Company that makes condoms (Cupid)
- Company that makes battery components (Shivalik Bimetal)
In allocating to businesses, you only have two first principles that matter: valuation or cash flow.
Short to medium term, valuations work.
Long term, you need cash flow.
Look at India today
> does no frontier innovation
> up when every other market is down
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Crypto people like to laugh at Buffett and boomer stocks but what an incredible compounding machine over the last few years with little volatility.
